The Journey with Recession Continues

The flow of grim news continues... Layoffs, thinner bottom-lines, red tickers and bail-out packages. All the markets around the world seem to have rediscovered gravity for themselves and there is no sign of recovery...

The slowdown starts showing in the Balance-Sheets of the corporate...

See the DLF results
http://economictimes.indiatimes.com/DLF_plunges_nearly_14_on_poor_results/rssarticleshow/4065321.cms

I think there’s more pain to come. The Jan-Mar quarter will not be better either. God knows where the Sensex is headed...

Look at the scary job cuts all across the globe
http://economictimes.indiatimes.com/Features/Job_trends_during_times_of_turbulence/Rising_layoffs_9000_job_vanishing_every_day/articleshow/4059166.cms

It is not all that bad if you are an Indian techie though...
http://economictimes.indiatimes.com/Features/Job_trends_during_times_of_turbulence/Microsoft_Layoffs_for_some_visas_for_others/articleshow/4064164.cms

Assocham demands STPI benefits extension till 2012... Read the Story...
http://economictimes.indiatimes.com/Extend_STPI_benefits_to_ITeS_till_12/rssarticleshow/4066059.cms

The MSMEs are suffering... Though they have no one to lobby for them as hard... Where’s the relief package for them? Read the story...
http://economictimes.indiatimes.com/Micro_industries_face_closure/rssarticleshow/4064142.cms

Indian Exports put up a better show in December... Some sign of relief?
http://economictimes.indiatimes.com/Exports_put_up_a_better_show_in_Dec/rssarticleshow/4063486.cms

Meanwhile interest rates are headed downwards... SBI to lend housing and SME loans at 8%. Way below their PLR... Government pressure or a bold business strategy? Time to short SBI for a couple of quarters it seems...

http://economictimes.indiatimes.com/Exports_put_up_a_better_show_in_Dec/rssarticleshow/4063486.cms
http://economictimes.indiatimes.com/SBI_contemplating_further_cut_in_lending_rates/rssarticleshow/4063716.cms

China pushes rural consumption

A novel idea may be... But a non-market force cannot have it all right all the time...Reaffirms my faith that with all the controls and directives by the government, China is bound to fail in a few decades’ time...
http://spoonfeedin.blogspot.com/2009/02/world-china-spurs-rural-consumption.html